real GDP

Q: Homework (Ch 26) 1. Financial institutions in the U.S. economy Suppose Kenji would like to use $2,00...

A: Company k would like to use $2000 of his saving to make a financial investment by purchase stock or ...

Q: A firm has a production function of ?(?,?) = ??.???.? a) Explain the concept of returns to scale. Do...

A: The production function reflects the positive relationship between inputs (land and labor) and outpu...

Q: How do the open market operations work to achieve price stability ? Explain by examples.

A: OPEN MARKET OPERATIONS- Open market operations are a tool of the central bank of a country in which ...

Q: If Demand function is P = 150 - 2Qd and supply function is P = 10 + Qs Calculate equilibrium price a...

A: Demand function P = 150 - 2Qd Supply function P = 10 + Qs  Equilibrium occurs when Demand = Supply 

Q: Demand function is given by P = 50 + 6Q and supply function is given by  P =  100 + Q Calculate equi...

A: Under equilibrium  Demand = Supply 

Q: Outline the economic factors that affect marketing decisions and consumer buying power.

A: There are many economic factors that affect the marketing decisions of a firm such as unemployment r...

Q: Which of the following represents stock variables? (a) Wealth, saving and unemployment;(b) Gold rese...

A: A stock variable is measured at a particular point of time. For example , your bank balance on 4 Feb...

Q: Evaluate the statement “a model with total-factor augmenting technological progress is identical to ...

A: Technological progress refers to the discovery of improved and new methods for production of goods. 

Q: Solve the attachment

A: The price elasticity of demand measures how responsive the quantity demanded is to changes in price.

Q: (a) Using the numerical values above, draw a correctly labeled graph of the market for gadgets and s...

A: a) A competitive market, the equilibrium price is $6, and the equilibrium quantity is 500 units  

Q: When aggregate output is below the natural rate of output, what happens to the inflation rate over t...

A: Rate of Output (YN): Where all the factors of production efficiently use, while there is certain fri...

Q: 5. (а) The demand function for goods A is p = 20-0.2q, where p is price and q is quantity (i) Determ...

A: The price and quantity demanded are the two components that are used to calculate the price elastici...

Q: If competition places discipline on costs, motivating firms to innovate and find more cost-effective...

A: Different market structures can be classified on the basis of the number of sellers or firms produci...

Q: How central bank use interest rate as a monetary policy tool and explain the interaction between the...

A: Monetary Transmission refers to the process by which general economic variables like interest rate r...

Q: If speculators bid up the value of the U.S. dollar in the market for foreign exchange, then Answer U...

A: If the value of money increases that money's value got appreciated compared to the other countries m...

Q: 1. Explain the profit-maximizing output level and profit of a monopolisticfirm by drawing a graph. 2...

A: Monopolistic competition refers to the market form wherein there are large numbers of firms working ...

Q: Assuming the level of investment is $16 billion and independent of the level of total output, comple...

A: According to the question, we can fill the table using the formula for the saving = GDP - Consumptio...

Q: What happens if an effective price floor is placed on the market for steel?   a. There will be ...

A: Price floor refers to setting a minimum legal price of a particular product by the government to ben...

Q: What is on the axes of an expenditure-output diagram?

A: Expenditures refer to the expenses made by the various entities of the economy. The expenditures are...

Q: If the price index in the year

A: Price index in year 1 = 146 Price index in year 2 = 163  

Q: If Kiesel experienced an increase in orders from its websiteover a period of two weeks, should it ex...

A: Kiesel experienced an increase in orders from its website over a period of two weeks. In short-run s...

Q: ATC MC A VC 2.8 10 11 12 Quan ily (per day The graph above shows the cost structure of a perfectly c...

A: Perfect competition is an optimal model of market system where complete and symmetrical knowledge is...

Q: The value of U.S. imports is: Group of answer choices 1. subtracted from exports when calculating G...

A: Option (1).

Q: What are four ways that business can benefit society?

A: Business and society are indistinguishable and related. The best business pioneers realize this is v...

Q: Financial planners (and engineering economists) unanimously encourage people to seek out the highest...

A: If r is the interest rate, T is the total time, P is the initial wealth and A is the accumulated wea...

Q: The equilibrium price of televisions fell significantly in the past month, however the equilibrium q...

A: Economic equilibrium is a condition where market forces, like supply and demand, are stable and the ...

Q: True or False. Because older adults have more human capital, they are more likely to migrate to anot...

A: Migration is the situation where people from one region travel to another in search of livelihood, i...

Q: Can a nation’s comparative advantage change over time? What factors would make it change?

A: A nation has a comparative advantage(CA) in a product if its opportunity cost is less than that of t...

Q: Define Average unit cost

A: A firm has to hire various factors of production or inputs to manufacture a certain quantity of comm...

Q: Deliberate on the transmission of monetary policy?

A: The monetary policy of the economy is the policy of the central bank regarding the money supply of t...

Q: Mac has deposited $6,000 in a money market account with a variable interest rate. The account compou...

A: Deposited amount = $6000 Time period = 9 months The interest rate is 8%, 9%, and 8%.

Q: Explain and evaluate: “Industry complains of the higher taxes it must pay to finance subsidies to ag...

A: The farmers are the one who cultivates the essential resources required for the industries in the ec...

Q: What is the significance of resource pricing? Explain how the factors determining resource demand di...

A: A resource is defined in economics as a commodity or other resource used to manufacture goods and se...

Q: 1.Which characteristics a person making handicrafts should acquire to develop marketable products? 2...

A: 1.Which characteristics a person making handicrafts should acquire to develop marketable products? A...

Q: Nile.com, the online bookseller, wants to increase its total revenue. One strategy is to offer a 10%...

A: The price elasticity of demand is used to measure the proportionate change in quantity demanded of a...

Q: You are a newspaper publisher. You are in the middle of a oneyear rental contract for your factory t...

A: The cost of the factory rent was $500,000 per month and the wage cost includes $1 million. These two...

Q: Ms. Shanila works as a free-lance worker at a software house. Suppose she keeps awake for 100 hours ...

A: Note- Since, you've asked question with multiple sub-parts, we'll only solve the first two sub-parts...

Q: Consider the following pairs of items: a. shampoo and conditioner b. iPhones and earbuds c. a laptop...

A: Demand for some products is very responsive to price changes, while demand for certain others is not...

Q: Critically evaluate and explain each statement: The pure monopolist seeks the output that will yield...

A: A pure monopolist is the only supplier within the defined industry or market. The seller can such as...

Q: An investment made in a fixed asset is similar to an investment made by a bank when it lends money. ...

A: Fixed asset is the long term asset which does not consume within a year. 

Q: A machine will need to be replaced 15 years from today for $10,000. How much must be deposited now i...

A: Replacement expense is a concept relating to the sum of capital that a corporation should actually p...

Q: Thank you!

A: Aggregate supply is the final supply of goods and services plan for selling by an organization. 

Q: Consider the following cash flow diagram. The probability of the pessimistic value of N = 4 years is...

A: The value for pessimistic: PW = -100,000+25000(P/A, 8%, 4)=-100,000+(25000×3.312)=-100,000+82,800=-$...

Q: Why is FICA a regressive tax?

A: Regressive tax: It refers to the tax which has to be paid by everyone. This tax changes with the inc...

Q: 7. The demand and supply functions for a product in two large countries are given as: Country A Coun...

A: Here the case of international trade has been considered using two large countries – A & B. The ...

Q: Household savings in Ghana. Does policy  matters

A: Among the African countries, household savings of people in Ghana is very low.

Q: Discuss the diferences: How do the gains from trade change?

A: The gains from trade are an important factor that facilitates the international trade between the co...

Q: Which economic policy, fiscal policy or monetary policy, is preferable for recessions (excess capaci...

A: Recession refers to significant decline in economic activities, the economic measures and growth as ...

Q: 8.“…Though humanity has achieved incredible progress, we have taken the Earth for granted, des...

A: Recent Covid-19 crises shows many weaknesses in our social, economic and political systems. It start...

Q: Question 25.25.  a.) What is the relationship between economies of scale and a natural monopoly?  b....

A: a) Economies of scale refer to the situation of reducing the total cost during the process of increa...